Did you know that it’s possible to make money with promotions offered by online casinos? Well, now, you do. There is a method called bonus hunting or bonus bagging or bonus whoring that is a type of advantage gambling, which makes it possible to turn a profit from a casino. It may sound strange, but it’s possible. You can make money by availing bonuses at online casinos.
Thousands of players around the world practice bonus hunting, although it is not as easy as it used to be a few years ago. Casinos are aware of it, and most of them have devised unique strategies to combat it. Still, some casinos have not done anything about it, and that’s where you can get your piece of cake.
Avail Casino Bonuses
If you sign up with a casino that offers you a $100 bonus (as 100% match up bonus), you will eventually get an extra $100 to play or withdraw once you have met the wagering requirements attached to the bonus. Without availing this bonus, you would have missed that additional $100.
Calculate Positive Expected Value of a Bonus
Before you avail of a bonus, calculate its positive expected value. It is a method of finding out your profit and loss on a particular game while meeting the wagering requirements. Take a look at the example below.
Imagine that a casino offers you a “100% match up bonus”. The wagering requirement attached to the bonus states that you must wager at least 40 times your deposit + bonus. You make a $100 deposit. Since the bonus amount is equal to 100% of your deposit, you will get $100 as a bonus, but to avail it, you need to wager $8,000 (($100 + $100) x 40) before the bonus is released.
Moving on, you select blackjack to try your luck because you know the basic blackjack strategy that can bring the house edge down to 1%. Now, if you place 1000 bets worth $1 each, the casino will consume $0.01 from every wager. Theoretically you will lose $80 ($8,000 x 0.01 = $20).
In the example above, you lose $80, but you receive $100 as a bonus, so your net profit will be $20. This amount is the actual expected value of a bonus.
Things to Remember about Bonuses
- Always find out the games you are allowed to clear your bonus with
- Find out bonus value
- Read and understand the terms related to wagering requirements
- Compare the house edge with the amount of money you are required to wager
Ready to make some Money with Promotions
If you are ready to earn payouts using promos, join a casino today and avail some bonuses that provide value for money.
Glossary of Terms
- House Edge
The advantage a casino has on every being - Wagering Requirement
The amount of money you need to wager before you become eligible to avail bonus money - Basic Blackjack Strategy
It is a mathematical betting system which involves comparing the blackjack dealer’s up card with your card total and taking the suggested action